Hot-Rolled Coil Daily Transaction Volume Slumps 19% Amid Market Chill on October 14

[SMM Daily Transaction Volume of Hot-rolled Coils] On October 14, the total daily transaction volume of hot-rolled coils among the sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, and Ningbo) amounted to 11,460 tonnes, with a daily decrease of 2,680 tonnes, or -19.0%.

The futures market fluctuated, leading to a chill in market trading sentiment. Speculative demand has largely vanished, while downstream buyers remain cautious and hesitant, resulting in poor transaction performance of hot-rolled coils.